Tue, 21 Mar 2023

Banks rebound lifting U.S. stock markets, Nasdaq gains 45 points

NEW YORK, New York - U.S. stocks rallied on Monday following the weekend buy-in of Credit Suisse by UBS, which ...

US loans $300 billion to banks following closing of SVB bank

WASHINGTON D.C.: The US Federal Reserve Bank has announced that cash-strapped banks throughout the US borrowed some $300 billion during ...

Deloitte agrees to pay $31 mln fine to China after mistakes in audit

BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...

UBS to buy Credit Suisse for fraction of its value, Swiss government to underwrite losses

ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...

SpaceX, Netflix, Boeing join largest US business mission to Vietnam

HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...

After winning Apple contract, Foxconn to build factory in India

TAIPEI, Taiwan: Reuters reported that after winning an order to manufacture wireless AirPods earphones for Apple for the first time, ...

Blocking China's chip industry will raise costs, warns founder of TSMC

TAIPEI, Taiwan: The founder of chip manufacturer TSMC, Morris Chang, said that he supports the efforts of the US to ...

Russia plans to take over Toyota's St. Petersburg plant, says TASS

MOSCOW, Russia: State run news agency TASS has reported that Russia's Industry and Trade Minister Denis Manturov said that Japanese ...

Washington buoyed by February retail sales growth

WASHINGTON D.C.: According to a report from the US Commerce Department, in February, US retail sales fell moderately, likely the ...

To grow S. Korea's chip industry, Samsung to invest $230 billion

SEOUL, South Korea: In line with the country's efforts to boost its chip industry, South Korea's Samsung Electronics said it ...

First Republic shares dive, U.S. stock markets reel

NEW YORK, New York - A dramatic fall in First Republic Bank' shares, despite a $30 billion lifeline extended to ...

Tyson Foods to close Arkansas, Virginia plants, 1,700 to lose jobs

SPRINGDALE, Arkansas: Tyson Foods said it will close two US chicken plants and lay off some 1,700 employees on 12th ...

Facebook expected to fire 10,000 as media companies contract

MENLO PARK, California: As the tech industry prepares for a major economic downturn, Facebook-parent company Meta Platforms has announced that ...

Nasdaq Composite sharply higher at Thursday close

NEW YORK, New York - U.S. stocks rallied Thursday as the Swiss National Bank came to the rescue of Credit ...

Former Silicon Valley Bank customers streaming to large US banks

SAN FRANCISCO, California: Media reports indicate that after the collapse of Silicon Valley Bank, many customers have applied to move ...

New York ends $2 billion LaGuardia airport light-rail train project

NEW YORK CITY, New York: New York Governor Kathy Hochul has announced that after a study found the costs of ...

VW announces it will build battery cell plant in Canada

FRANKFURT, Germany: In an effort to localize its electric vehicle production chain in the region, Volkswagen has announced that it ...

Türkiye reveals cost of earthquake damage

The EU has offered to help cover a small fraction of the reconstruction efforts following quakes that left more than ...

BJP is world's most important party: Wall Street Journal

New Delhi [India], March 21 (ANI): The BJP is the world's most important foreign political party and it may also ...

Rebound in global equities lifts Sensex up 248 pts in morning trade

Mumbai (Maharashtra) [India], March 21 (ANI): Domestic equity markets opened with gains on Tuesday, tracking stronger global cues. There is ...

India among small set of countries able to reduce core debt of corporate sector: Report

New Delhi [India], March 21 (ANI): India is among a small set of countries that have been able to reduce ...

India will have more than 140 mn air passengers in FY 2024: Jyotiraditya Scindia

New Delhi [India], March 21 (ANI): Union Minister of Civil Aviation and Steel Jyotiraditya M Scindia highlighted the various aspects ...

Amazon slashes more jobs

The retail giant has confirmed new cost-cutting, saying an additional 9,000 workers will be let go after firing 18,000 employees ...

US tech giant slashes more jobs

Amazon has confirmed new cost-cutting, saying an additional 9,000 workers will be let go after firing 18,000 employees in JanuaryAmerica's ...

Is Pakistan prepared as IMF swings towards inclusive growth?

Islamabad [Pakistan], March 20 (ANI): Pakistan is among the countries with the lowest inclusive growth and the lowest access to ...

Four ways to protect your small business from a banking crisis

The banking sector is currently experiencing great strain, which has resulted in several bank bailouts - most recently UBS' deal ...

Bill Gates wants global fire department for pandemics

The former software tycoon has called for funding for the WHO's Global Health Emergency CorpsPreventing another pandemic like Covid-19 requires ...

India-Gulf Cooperation Council senior officers hold meeting, agree for early finalisation of India-GCC FTA

Riyadh [Saudi Arabia], March 20 (ANI): The first round of the India-Gulf Cooperation Council (GCC) Senior Officers Meeting (SOM) was ...

Transmission of declining wholesale inflation in retail figures expected soon: Finance ministry report

New Delhi [India], March 20 (ANI): The consistent moderation in wholesale inflation in India, which fell to a 25-month low ...

Delhi HC grants 6 weeks to RBI to file reply on Uniform Banking Code

New Delhi [India], March 20 (ANI): The Delhi High Court on Monday granted six weeks more time to the Reserve ...

India, Japan signs 2 documents on cooperation on Japanese language and bullet train

New Delhi [India], March 20 (ANI): India and Japan on Monday signed two documents on the renewal of a memorandum ...

Economic Survey 2022-23: Per capita income in Delhi rises over 14 pc

New Delhi [India], March 20 (ANI): The Delhi administration on Monday tabled in the Assembly the Status Report of Outcome ...

Care Fin Homes appoints Suresh Srinivasan Iyer as MD and CEO

Bengaluru (Karnataka) [India], March 20 (ANI): Care Fin Homes on Monday said that Suresh Srinivasan Iyer has been appointed as ...

Xi Jinping arrives in Moscow

The Chinese leader's visit comes at a time when bilateral relations are at an all-time high, according to Russian officialsChinese ...

China moves to bolster economic recovery with RRR cut

© Provided by Xinhua BEIJING, March 20 (Xinhua) -- China has announced its first cut in the amount of cash ...

Cost of YouTube TV's monthly subscription to jump 114 per cent from its launch

New York [US], March 20 (ANI): The cost of YouTube TV is going up again -- making a monthly subscription ...

Tear Gas, Arrests as Kenya Opposition Stages Protests

NAIROBI, KENYA - Kenyan riot police fired tear gas Monday to disperse demonstrators gathered in Nairobi for a day of ...

S. Africa Police, Soldiers Deploy for Opposition-Led Protests

PRETORIA, SOUTH AFRICA - Police and soldiers deployed across South Africa Monday as the country braced for protests after a ...

Economic Watch: China moves to bolster economic recovery with RRR cut

BEIJING, March 20 (Xinhua) -- China has announced its first cut in the amount of cash that banks must hold ...

Finance ministry invites applications for RBI's deputy governor

Mumbai (Maharashtra) [India], March 20 (ANI): The Finance Ministry has invited applications for the post of deputy governor of the ...

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Mercedes modernizing EV plants in China, Germany, Hungary,

FRANKFURT, Germany: The German Automobilwoche magazine has reported that as part of its efforts to switch to selling electric vehicles ...

Banks rebound lifting U.S. stock markets, Nasdaq gains 45 points

NEW YORK, New York - U.S. stocks rallied on Monday following the weekend buy-in of Credit Suisse by UBS, which ...

US loans $300 billion to banks following closing of SVB bank

WASHINGTON D.C.: The US Federal Reserve Bank has announced that cash-strapped banks throughout the US borrowed some $300 billion during ...

Deloitte agrees to pay $31 mln fine to China after mistakes in audit

BEIJING, China: Following the inability of China Huarong Asset Management Co Ltd to release financial reporting obligations in 2020, China ...

UBS to buy Credit Suisse for fraction of its value, Swiss government to underwrite losses

ZURICH, Switzerland - Depositors will be fully protected, shareholders will have their equity dwarfed, while bond holders will be largely ...

SpaceX, Netflix, Boeing join largest US business mission to Vietnam

HANOI, Vietnam: SpaceX, Netflix and Boeing will join what is described as the "biggest-ever" U.S. business mission to meet in ...

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Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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